Professional and Management Liability
The growing reliance on litigation to resolve business disputes is increasing the levels and complexity of exposure for New Zealand businesses.
Professional Liability offers protection to businesses against claims by third parties for breaches of their professional duty.
Management Liability offers protection to business managers for claims of mismanaging their business by regulators, shareholders, creditors or other stakeholders.
CrimeManager offers comprehensive cover for both the standard perils in traditional fidelity coverages as well as loss of corporate assets resulting from criminal activity.
PrivateEdge is specifically designed for private companies. It encompasses several insurance policies and provides cover for a broad range of management liability exposures.
Professional indemnity insurance covers professionals for claims made against them by third parties for breaches of their insured duty as a professional, or for negligence.
Prospectus liability insurance offers cover for companies against securities claims arising from offerings of a company's securities. The policy can cover equity or debt issues, both initial and secondary. Cover is for the company, its directors, officers, employees and selling shareholders.
This statutory liability policy provides cover for defence costs and fines and penalties assessed against a company and/or its directors and officers for unexpected and unintentional breaches of ‘all acts’ which are not otherwise excluded within the policy.